At 8.6% CAGR, Europe Data Converter Market is Projected to be Worth US$ 2,439.83 Million by 2030, says Business Market Insights

According to Business Market Insights’ research, the Europe data converter market was valued at US$ 1,258.57 million in 2022 and is expected to reach US$ 2,439.83 million by 2030, registering a CAGR of 8.6% from 2022 to 2030. Rising demand for data converters in wireless communications and increasing demand for testing and measurement by end users are among the critical factors attributed to drive the Europe data converter market growth.

Wireless infrastructure service providers, mostly 4G and 5G service providers, focus on maintaining strict criteria for service quality, performance, and functionality. ADC is a crucial factor that digitalizes the incoming intermediate frequency (IF) signal and then transfers the data to the digital down converter (DDC). Data conversion block is another crucial factor in wireless infrastructure designs. Frequency filtering and translation can be moved from analog to digital domain to fulfill the increasing demand for a high bandwidth 5G spectrum. Companies in the data converter market are engaged in creating solutions that can help in enhancing wireless applications. In August 2021, Richardson RFPD, Inc. announced the availability and full design support capabilities for two highly integrated high-speed converters from Analog Devices, Inc. The AD9081 and AD9082 mixed-signal front-ends combine high-performance analog and digital signal processing and enable designers to install multiband radios in the same footprint as single-band radios. By modifying more of the frequency filtering and translation from the analog to the digital domain, the AD9081/2 provides designers with the software reconfigurability to customize radios. In June 2023, Analog Devices announced the launch of Apollo MxFE, its most advanced software-defined, direct RF-sampling, wideband mixed-signal front-end platform. Apollo MxFE enables next-generation applications such as phased array radar, electronic surveillance, test and measurement, and 6G communications in the aerospace & defense, instrumentation, and wireless communications industries. Companies such as Synopsis provide analog IP for broadband and wired communication SoCs. The data converter IP portfolio allows designers to bring mobile and wireless communication, including 5G and SoCs, to market. Synopsys solution for the baseband analog interface - Analog Front-End (AFE) is based on state-of-the-art data converter and PLL building blocks that will enable designers meet their specific application's requirements, reduce risk, and improve time-to-market. Thus, the increasing use and demand for data converters in wireless communication bolster the Europe data converter market growth.

On the contrary, complex design of ADCs hampers the growth of Europe data converter market.

Based on type, the Europe data converter market is bifurcated ADC and DAC. The ADC segment held 55.5% market share in 2022, amassing US$ 699.07 million. It is projected to garner US$ 1,293.17 million by 2030 to register 8.0% CAGR during 2022–2030.

By resolution, the Europe data converter market is segmented into 10 bit, 12 bit, 14 bit, 16 bit, and others. The others segment held 32.5% share of Europe data converter market in 2022, amassing US$ 408.75 million. It is anticipated to garner US$ 878.70 million by 2030 to expand at 10.0% CAGR during 2022–2030. The 10 bit segment is further sub segmented into Upto 50 Msps, 51 to 100 Msps, 101 to 200 Msps, 201 to 500 Msps, 501 Msps to 1Gsps, and Above 1Gsps. The 12 bit segment is further sub segmented into Upto 50 Msps, 51 to 100 Msps, 101 to 200 Msps, 201 to 500 Msps, 501 Msps to 1Gsps, and Above 1Gsps. The 14 bit segment is further sub segmented into Upto 50 Msps, 51 to 100 Msps, 101 to 200 Msps, 201 to 500 Msps, 501 Msps to 1Gsps, and Above 1Gsps. The 16 bit segment is further sub segmented into Upto 50 Msps, 51 to 100 Msps, 101 to 200 Msps, 201 to 500 Msps, 501 Msps to 1Gsps, and Above 1Gsps. The others bit segment is further sub segmented into Upto 50 Msps, 51 to 100 Msps, 101 to 200 Msps, 201 to 500 Msps, 501 Msps to 1Gsps, and Above 1Gsps.

Based on rate of converter, the Europe data converter market is segmented into Upto 50 Msps, 51 to 100 Msps, 101 to 200 Msps, 201 to 500 Msps, 501 Msps to 1 Gsps, and Above 1 Gsps. The 501 Msps to 1 Gsps segment held 27.1% share of Europe data converter market in 2022, amassing US$ 341.23 million. It is projected to garner US$ 693.72 million by 2030 to expand at 9.3% CAGR from 2022 to 2030.

In terms of end user, the Europe data converter market is segmented into automotive, communications, consumer electronics, industrial, medical, and others. The consumer electronics segment held 30.0% share of Europe data converter market in 2022, amassing US$ 378.13 million. It is projected to garner US$ 665.36 million by 2030 to expand at 7.3% CAGR from 2022 to 2030.

By country, the Europe data converter market is segmented into Germany, the UK, France, Italy, Russia, and Rest of Europe. Our regional analysis states that Germany captured 31.1% share of Europe data converter market in 2022. It was assessed at US$ 390.91 million in 2022 and is likely to hit US$ 665.95 million by 2030, registering a CAGR of 6.9% during 2022–2030.

Key players operating in the Europe data converter market are Analog Devices Inc, Asahi Kasei Microdevices Corp, Cirrus Logic Inc, Microchip Technology Inc, On Semiconductor Corp, Renesas Electronics Corp, ROHM Co Ltd, STMicroelectronics NV, Teledyne Technologies Inc, and Texas Instruments Inc, among others.

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